Instagram really worth $1 billion?

Facebook just announced that it purchased Instagram from $1 billion in cash and stock - what just happened here? Did we miss something? Is Facebook going to continue these purchases? I would bet yes, and here is why:

Facebook is a new media company that is about to go IPO; it is media offering is based on what it knows about you so naturally it wants to improve the quality of this information and create value for its share holders. Here is how it would do it:


Are VCs Really Right For You?

If you are reading this blog entry I assume you are an aspiring entrepreneur and at least know what a VC is... But do you really know what a VC does? Should you really go after VC funding and if so at what stage? These are age old questions for the entrepreneur.